A large amount of primary energy is lost due to friction, and the study of new additive materials to improve friction performance is in line with the concept of low carbon. Carbon nanotubes (CNTs) have advantages in drag reduction and wear resistance with their hollow structure and self-lubricating properties. This review investigated the mechanism of improving friction properties of blocky composites (including polymer, metal, and ceramic-based composites) with CNTs' incorporation. The characteristic tubular structure and the carbon film make low wear rate and friction coefficient on the surface. In addition, the effect of CNTs' aggregation and interfacial bond strength on the wear resistance was analyzed. Within an appropriate concentration range of CNTs, the blocky composites exhibit better wear resistance properties. Based on the differences in drag reduction and wear resistance in different materials and preparation methods, further research directions of CNTs have been suggested.